Progress Property Co Ltd v Moore

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Progress Property Co Ltd v Moore

Hearings

England & Wales

15 Oct 2008 [2008] EWHC 2577 (Ch), Ch D (David Donaldson QC)

26 Jun 2009 [2009] EWCA Civ 629; [2009] Bus LR 1535; [2009] WLR (D) 214, CA (Mummery, Toulson, Elias LJJ)

09 Dec 2009 (appn all) [2010] Bus LR 209, SC(E)

08 Dec 2010 [2010] UKSC 55; [2011] 1 WLR 1; [2011] Bus LR 260; [2011] 2 All ER 432; [2010] WLR (D) 318; Case details, SC(E) (Lord Phillips of Worth Matravers PSC, Lord Walker of Gestingthorpe, Lord Mance, Lord Collins of Mapesbury, Lord Clarke of Stone-cum-Ebony JJSC)

Subject Matter

COMPANY — Powers — Sale of assets — Company selling shares to subsidiary of principal shareholder at shareholder's behest — Sale allegedly at undervalue — Company's director believing sale to be at market value — Whether sale disguised distribution of assets to shareholder — Whether ultra vires

[2011] 1 WLR 1; [2009] Bus LR 1535; [2011] Bus LR 260

Appellate History

Progress Property Co Ltd v Moore [2008] EWHC 2577 (Ch), Ch D

Decision of David Donaldson QC affirmed

Progress Property Co Ltd v Moore [2009] EWCA Civ 629; [2009] Bus LR 1535; [2009] WLR (D) 214, CA

Decision of the Court of Appeal affirmed

Progress Property Co Ltd v Moore [2010] UKSC 55; [2011] 1 WLR 1; [2011] Bus LR 260; [2011] 2 All ER 432; [2010] WLR (D) 318; Case details, SC(E)

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